Скачать с ютуб Varo Believe Credit Builder Review | Build GREAT Credit from ZERO в хорошем качестве

Varo Believe Credit Builder Review | Build GREAT Credit from ZERO

Varo Believe Credit Builder Review Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 💳 Favorite Credit Cards ➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr... ➤ Capital One Venture X - https://magnified.reviews/VentureX ➤ Chase Ink Business - https://magnified.reviews/Ink-Business ➤ Amex Green - https://magnified.reviews/Amex-Green ➤ Amex Platinum - https://magnified.reviews/Platinum ➤ Amex Business Gold - https://magnified.reviews/BusinessGold ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights Typically with a credit-builder card you are basically prepaying the card in some way and then when you use that to make purchases, the card issuer is going to report that as an on-time payment and use the money that you've already set aside to pay off the card and therefore that helps build your credit score without you accruing debt or taking on any kind of interest. And the Varo Believe card is very similar but it does have some minor differences from the Chime credit builder that I'm personally a huge fan of. First of all from what I can tell you do not need to have a Varo bank account in order to fund this card and you should be able to fund it from any external bank account. Once you open up your Varo believe secured account you're going to preload the card with a predetermined amount of money from your external bank account. Then like I mentioned earlier you're just going to use this product as you would with any other credit or debit card to pay for your regular everyday purchases. From there you simply use the money that you already set aside to pay off the balance of this card and Varo is going to report that as in on-time payment to the three major credit bureaus which are Equifax, TransUnion, and Experian, and as a result your credit score is going to start to increase very quickly especially if you have really bad credit or you have no credit history because your on-time payment history is the most important factor in calculating your credit score. So one other important difference that's worth noting here from similar products is that you do still have to make a payment whereas with the chime product this happens automatically but this isn't necessarily a bad thing because it does build that habit of going in and making sure that you are paying off your balance so even though that may be a little bit of a headache, I do actually see the purpose behind it because if and when you do get a true credit card, you will already have built that habit of going in and making sure that you are not missing any payments because if you do with a real credit card then not only are you going to damage your credit score but you're also going to start to accrue interest and fees and that is the last thing that we want. I will mention that there is a $15 late fee if you do not make your payment on time and again I get that that absolutely sucks and you all know that I am not a fan of any kind of banking fee but because this is a trainer card in a small sense I do actually see the purpose behind that fee because again if you were to miss a payment with a real credit card then in most cases you would be slapped with a much higher fee then $15. So I can't necessarily recommend this over any other product because they all do basically the exact same thing but if you do already have a Varo bank account or you're just a fan of Varo as a company then this is a fantastic product that I would definitely check out if you feel it is a good fit for your financial situation. 0:00-NEW Varo Believe Credit Builder 1:25-How do Credit Builder Cards Work? 2:33-How Does the Varo Credit Builder Work? 5:48-UNLIMITED Credit Limit! 7:02-The FINAL Verdict! Music from Epidemic Sound Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.